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by FooBarBizBazz
605 days ago
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You're looking at income quantiles, not wealth quantiles. It's misleading. Rich people don't earn salary. A startup CEO probably gets a salary of like $250k, not much different from a senior SWE. However, the CEO has stock options worth hundreds of millions. And those are ISOs, which are subject to favorable tax treatment... ...if you could exercise them for pennies, which is exactly what the CEO gets to do, because he gets the options before they ramp the valuation. Rich people do not make high incomes. Incomes are taxed. Rich people keep their money. |
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